![Element Raises $30M in Additional Series B Funding](https://www.elementbiosciences.com/uploads/news/_newsPhoto/element-raises-30m-in-additional-series-b-funding.jpg)
Element Biosciences raised an additional $30M in Series B financing, with participation from new investors RA Capital Management and Alexandria Venture Investments. Proceeds from the financing will be used to accelerate the development of a new DNA sequencing platform. To date, the company has raised a total of more than $130M.